Closing Costs for Residential Real Estate Transactions

"Closing Costs" are the fees which cover various services involved in the sale of a home. Buyers & sellers often negotiate these costs.

As indicated below, many of the buyer's costs cover the costs of originating the mortgage loan. Since BeneGroup, Inc. has extensive experience with closings & mortgages, we can help you understand your closing costs.

Loan Estimates (LEs)

Buyers will get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. This cost estimate is based on our past experience. It's important to note that while our LEs are very accurate, we cannot always estimate closing costs to the penny. We answer questions about closing costs every day at BeneGroup, Inc., so please feel free to contact us if you have questions.

We've provided a general list of closing costs below, but we will provide you a specific list of closing costs, with amounts, very soon after you have completed your application. At BeneGroup, Inc., we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs

• Points — These are costs you pay up-front to lower your mortgage interest rate (optional)
• Appraisal Fee
• Getting Your Credit Report
• Interest Payment
• Escrow Fees
• Various Taxes
• Costs related to "originating" your loan

Property Taxes

• Recording Fees & Transfer Taxes
• Insurance

Homeowners Insurance

• Private Mortgage Insurance (PMI)
• Title Insurance
• Flood or Quake Insurance

At BeneGroup, Inc., we answer questions about closing costs every day. Give us a call at 4083956018.